Sustainable Business Practices for Chemical Industries

Sustainable business practices are crucial in today?s rapidly growing economy to ensure long-term ecological balance. Following green industrial practices contributes largely to the survival of industries as well as the environment in the long run. Chemical industries, in a country as large as India, substantially contribute to the overall GDP; however, the inadequacy in following sustainable business practices has resulted in the deterioration of the environment. The aim this paper is to understand the current practices of chemical industries and provide recommendations for making their manufacturing processes and business practices more sustainable. This study takes as basis, a previously conducted research work to assess industrial waste water of Lucknow district, and discusses the results in detail. The paper, in turn, focuses on implementing sustainable practices in the operations of chemical industries and the business strategies that are followed in other similar industries across the world. Moving forward, a roadmap of various sustainable business practices has been proposed for the Indian chemical industries, which can be up scaled considering their feasibility in India.